For the first time the issue of overeducation is addressed for the UK. Substantial amounts of over and undereducation are found. The evidence supports the view that formal education and other components of human capital are substitutes for the over- and undereducated.

Previous studies of job satisfaction in the labour force as a whole have found that women generally express themselves as more satisfied at work than men. This paper examines the relationship between age and individual job satisfaction using a uniquely detailed dataset on Scottish academics. The...